Stacks to Upgrade Mainnet With Nakamoto on August 28th
CryptoNewsTerminal Staff08 Aug, 2024
Stacks to Upgrade Mainnet With Nakamoto on August 28th
The Stacks Foundation recently announced that the Stacks (STX) network will undergo a major upgrade called "Nakamoto" on August 28th. This upgrade will bring significant improvements to the network, including faster transaction speeds and the ability to run Bitcoin virtual machines (BVM). The Nakamoto upgrade was originally scheduled for April, but it was postponed due to technical development challenges. However, the Stacks Foundation has now confirmed that the upgrade is ready to be deployed and will be activated on August 28th. The Nakamoto upgrade is a major milestone for Stacks, as it will enable the network to support Bitcoin-based decentralized finance (DeFi) and related decentralized applications (dApps). Once the upgrade is complete, Stacks will become one of the most powerful and versatile layer-2 solutions for Bitcoin. The upgrade will make it possible for developers to build new and innovative applications on Stacks, and it will also make it easier for users to access Bitcoin through dApps.
